This is a fully-occupied income-producing duplex in the desirable Ellwood City Borough. Ellwood City Area Schools. Each unit includes 2BR, 1 bathroom, a spacious kitchen, ample sized living room, dining room, and closets for storage. Each side rents for $625 and tenants cover all utilities and snow removal. Landlord covers mowing. This property cash flows phenomenally with a current NOI of over $11,000/year and potential for more with minor cosmetic updates. Clean tenants, both current on rent, who consistently pay on time each month. Low taxes and low maintenance means great margins and a cap rate of over 13%! This solid 2-story duplex was built in the early 1900s, includes a double-lot, has a basement and attic, fresh paint, and many updates with potential for more. Both units have their own basement, each with laundry hook-ups and separate furnace and HWT. Units are quite spacious compared to most rentals in the neighborhood and boast original hardwood floors and well as high ceilings. Easy access to shops, restaurants, schools, and I-76, I-79. Stove included for unit 504 (refrigerator belongs to Tenant) and stove and refrigerator both included in sale for unit 506. Cash offers only. *Additional photos available in Google Drive: https://drive.google.com/drive/folders/1X5XtDw94QDE2Jl3PHAxN
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